jdillon: I'll do a write-up in a week or so if you are interested, but waiting a bit longer isn't a bad idea; the network as a whole is safe right now but there are still a lot of non-upgraded nodes out there.

I need to get better at not touching that "show/hide" option... But on IRC yesterday most of the developers put piotr_n on ignore for being an idiot who wouldn't listen to people showing why his idea was stupid and wasting everyones' time instead: http://bitcoinstats.com/irc/bitcoin-dev/logs/2013/06/28#l7875194 gmaxwell has the patience of a saint. (or a C++ developer on a slow machine)

Remind me to use the self-moderated threads option more often.

EDIT: I'll also point out how this "one-line-change" DoS attack was something that at least one of the Bitcoin developers knew about but didn't even realize it was an issue: http://sourceforge.net/mailarchive/message.php?msg_id=31074593 Hopefully the other developers were just keeping their mouth shut and immediately understood how serious that issue was, but obviously it took a bit of insight on Peter's part to realize that the problem existed.

The Bitcoin model has been to have a genius choose all these parameters correctly 5 years ago. That's worked well, but it is inflexible. A proof-of-stake voting model would trust the owners of a currency to modify the parameters as the currency and environment evolved. I trust the owners of a currency to vote in a way that strengthens the currency they own. Owner's interests are perfectly aligned with the long-term success of a currency. I'd like to see an altcoin where the owners decide monetary policy through proof-of-stake voting.

The Bitcoin model has been to have a genius choose all these parameters correctly 5 years ago. That's worked well, but it is inflexible. A proof-of-stake voting model would trust the owners of a currency to modify the parameters as the currency and environment evolved. I trust the owners of a currency to vote in a way that strengthens the currency they own. Owner's interests are perfectly aligned with the long-term success of a currency. I'd like to see an altcoin where the owners decide monetary policy through proof-of-stake voting.

Ah a man after my own heart. I couldn't agree more.

You should check out the thread on netcoin which is an ambitious plan to implement some of these principles. I'm pretty sure this is going to be an iterative process (e.g.. think of ppcoin as the first several iterations).